Connect with us

Massachusetts

Nevada, Massachusetts state treasurers want to dump gun company investments

Published

on

Nevada, Massachusetts state treasurers want to dump gun company investments


The highest monetary officers for Nevada and Massachusetts are looking for coverage adjustments that might permit them to divest tens of millions in gun producers and associated companies.

The Democratic state treasurers in Nevada and Massachusetts on Thursday introduced plans to unload taxpayer cash invested within the gun trade that may require approval from different governmental our bodies in each states. With gun management proposals unsure after final week’s college capturing in Uvalde, Texas, that left 21 lifeless, the treasurers are utilizing divestment as a technique to handle gun violence.

Nevada Treasurer Zach Conine defined in a video posted on-line his rationale for slicing monetary ties with firms that manufacture or profit from the sale of “assault-style weapons” from the $47 billion in state property managed by his workplace.

“In my view, they expose the state to an excessive amount of threat,” mentioned Conine. “As a chief funding officer of Nevada, managing threat to Nevada’s taxpayers is my duty. The ethical threat for investing in these firms is just too excessive and is greater than we’re keen to bear, and funding is basically plans for the long run.”

Advertisement
In a technique to handle gun violence, Democratic state treasurers for Nevada and Massachusetts introduced a plan that might permit the states to unload tens of millions in taxpayer {dollars} invested within the gun trade. Above, military-style rifles are displayed on the 2013 Nationwide Rifle Affiliation’s annual convention in Houston, Texas.
Justin Sullivan/Getty Pictures

Conine mentioned his workplace has recognized roughly $89 million that may very well be topic to divestment beneath his proposed insurance policies, which have to be adopted by the State Board of Finance in addition to the board overseeing the state school financial savings program.

For the time being, Conine mentioned his workplace is not going to unload investments in focused firms at a loss. As a substitute, it’s going to maintain the funding till maturity after which by no means purchase it once more.

Based on Conine, Connecticut, Rhode Island and New York Metropolis have already made related divestments.

In Massachusetts, Treasurer Deborah Goldberg is proposing her state go additional by requiring the state’s $101.5 billion pension fund to divest $2 million from “firms that manufacture and distribute weapons and ammunition for civilian use,” in accordance with a press release from her workplace.

“It’s unacceptable that we as a rustic proceed to dwell in a seemingly countless cycle of gun violence,” Goldberg mentioned in a press release. “Conventional approaches will not be working, and we should do what we will to probably save lives.”

Advertisement

Goldberg’s proposal would come within the type of laws that might direct Massachusetts Pension Reserves Funding Administration Board to drag its cash from publicly traded firms that derive 15 % or extra of their revenues from promoting or manufacturing “ammunition, firearms or firearm equipment for civilian functions.”

Her workplace mentioned it expects impacted firms to incorporate Ammo Inc.; Smith & Wesson; Sturm, Ruger & Co., Inc.; and Vista Outside.

Following the the 2018 bloodbath at Stoneman Douglas Excessive College in Parkland, Florida, some firms lower ties with the Nationwide Rifle Affiliation.

Goldberg mentioned she made the identical proposal to lawmakers after the 2018 capturing. Nevertheless, the invoice did not go.

Beforehand, the Massachusetts state funding board has been directed to divest cash from firms taking advantage of tobacco or doing enterprise with Sudan, Northern Eire and Iran.

Advertisement

Newsweek has reached out to the Nationwide Taking pictures Sports activities Basis for remark.



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Massachusetts

Massachusetts military secrets leaker Jack Teixeira sentenced to 15 years in prison

Published

on

Massachusetts military secrets leaker Jack Teixeira sentenced to 15 years in prison


The Massachusetts Air National Guard tech support member responsible for “one of the most significant leaks of classified documents and information in United States history” will spend a decade and a half behind bars.

U.S. District Court Judge Indira Talwani sentenced Jack Teixeira to 180 months, which is 15 years, in federal prison at a sentencing hearing in federal court in Boston’s Seaport on Tuesday afternoon. She also ordered, among other conditions, that he enter a mental health treatment program and barred him from taking any jobs where he would have access to sensitive government materials. She did not impose a fine because he did not have the resources to pay a fine.

“I wanted to say I’m sorry for all the harm I’ve wrought and I’ve caused,” Teixeira, wearing an orange Plymouth County Correctional Facility jumpsuit, said before Talwani delivered her sentence.

“I can’t really sum up how contrite I am that my behavior has caused such a maelstrom,” the 22-year-old continued, “affecting my family and everyone overseas. I understand that all of the responsibility and consequences come on my shoulders alone and I accept whatever that will bring. I’m at your mercy, your honor.”

Advertisement

Teixeira, of Dighton, was arrested in April 2023 and pleaded guilty in March to six counts of willful retention and transmission of national defense information under the Espionage Act.

Teixeira, who served as a Cyber Defense Operations Journeyman at Otis Air National Guard Base on Cape Cod, leaked more than 40 highly classified military documents, including many regarding Russia’s war in Ukraine, to a cadre of fellow video game players on the social media platform Discord.

He was looking at a maximum of more than 16 years for his crimes, if Talwani had followed the plea agreement, which she wasn’t bound by in calculating sentencing. Teixeira entered the plea agreement in late February and finalized with his guilty pleas days later on March 4.

Boston FBI Special Agent in Charge Jodi Cohen called Teixeira “a textbook example of an insider threat.”

“His actions compromised military plans, sources and methods, and allowed our most significant adversaries access to some of our most closely guarded intelligence,” she continued in a press conference following sentencing.

Advertisement

Acting U.S. Attorney Joshua Levy at the same press conference said that the “heavy price” of the sentence “sends a powerful message to every individual who holds a top secret clearance.”

“I expect that starting tomorrow, Jack Teixeira’s name will be mentioned when people are trained about the gravity of a top secret clearance and the consequences if you leak information,” Levy said.

Sentencing arguments

The federal prosecutor, Jared Dolan, in arguing for a sentence of 200 months, called Teixeira’s crimes “exceptionally serious” and compared his actions to those of Edward Snowden and Chelsea Manning. He said that the sentence should be large enough to be a huge deterrent to anyone else who is considering such disclosures.

“Our military is built on a backbone of people his age and younger,” Dolan said. “And we trust that the training for those individuals put them in a place to succeed and that’s what they do every single day.”

“The defendants job was to not tell anyone else, what he promised to not tell anyone else,” he continued. “Youthful brains make impulsive decisions, but this was not an impulsive decision and if it was then it was an impulsive decision that he made every day for more than a year.”

Advertisement

Talwani spoke at length about her thought process on sentencing a crime for which there was “very little case law.”

“It seems to me that this is not one harm, this is multiple harms,” Talwani said when arguing that she disagreed with the plea agreement’s argument that the crimes could be grouped. She compared it to rape or robbery, to where even if the victim remained the same each new offense was a different crime.

“Yes the victim is the same here, the victim is the United States,” she continued. “But I don’t know how you can say it’s the same if he did it for one month instead of 13 months. … Each time you are creating a new risk, each time is new information, new disclosure.”

In sentencing memos filed last month, the defense recommended a sentence of 11 years whereas the prosecution recommended a sentence of 16 years and eight months, citing not only the need for Teixeira’s adequate punishment but to deter anyone else from even considering similar actions.

Defense attorney Michael Bachrach argued that Teixeira had no intention whatsoever to harm the United States, and that “motive matters.”

Advertisement

Unlike Manning and Snowden, who each chose to disclose secrets with purpose, Bachrach argued that Teixeira’s “truly bad decision making” was built on both his youth and his autism and wanting to find a community.

“What he cared about was having a community to speak to because he didn’t have that community at Otis Air Base,” Bachrach said, adding that his recommended sentence of 11 years is “significant” and is more time than half of the defendant’s life at the time of the crimes.

Talwani took some exception with Bachrach’s argument but did agree that she was leaning toward a downward departure based on Teixeira’s age.

Margaret Small via AP, File

This artist depiction shows Massachusetts Air National Guardsman Jack Teixeira, right, appearing in U.S. District Court in Boston, April 14, 2023. (Margaret Small via AP, File)

Jack Teixeira of Dighton is taken into custody in April 2023. (AP photo)

AP photo

Jack Teixeira of Dighton is taken into custody in April 2023. (AP photo)

 

Advertisement

Originally Published:



Source link

Continue Reading

Massachusetts

Winning $50,000 Powerball ticket sold in Massachusetts

Published

on

Winning ,000 Powerball ticket sold in Massachusetts


A lottery player won $50,000 playing Powerball in Massachusetts on Monday.

The winning numbers for the Powerball drawing on Nov. 11 were 3, 21, 24, 34, 46 and Powerball: 9. The multiplier was a 3X.

The $50,000 ticket sold in Massachusetts matched four of the first five numbers, and the Powerball number. It was sold in Waltham at a 7-Eleven.

Overall, at least 200 prizes worth $600 or more were won or claimed in Massachusetts on Monday, including eight in Springfield, seven in Worcester and 20 in Boston.

Advertisement

The Massachusetts State Lottery releases a full list of winning tickets every day. The list only includes winning tickets worth more than $600.

So far, the largest lottery prize won in Massachusetts this year was worth $1 million a year for life.

The prize was from the lottery’s “Lifetime Millions” scratch ticket game. The winner claimed their prize through a trust on July 10, and opted to receive a one-time payment of $15.4 million.



Source link

Advertisement
Continue Reading

Massachusetts

Schools closed in 3 Massachusetts communities Tuesday as teacher strike continues

Published

on

Schools closed in 3 Massachusetts communities Tuesday as teacher strike continues


GLOUCESTER – Still at a deadlock, 10,000 students in three North Shore communities have classes canceled on Tuesday, as the teacher strike continues in Gloucester, Beverly, and Marblehead.

The three unions spoke together Monday night, accusing their school committees of digging in their heels at the bargaining table while school leaders accused the unions of colluding to drag negotiations.

All three teacher union contracts expired on August 31st, 2024.

“It is not a coincidence, it’s a message that these issues are felt widely and deeply across the North Shore,” said Andrea Sherman, co-president of the Beverly Teachers Association.

Advertisement

“It is the school committee and their attorneys for all three districts that are colluding together to draw this out,” said Jonathan Heller president of the Marblehead Education Association.

Teacher Strikes Massachusetts
Teachers and supporters display placards during a rally, Monday, Nov. 11, 2024, in Gloucester, Mass., held to call attention to pay, paid parental leave, and other issues.

Steven Senne / AP


In Gloucester, right now, school leaders say the town and teachers are $800,000 a year apart on salaries alone, plus school officials said under the union’s proposal 24 teachers would be laid off over three years.

“We are committed to mediating long into the night, but our teachers should be in the school during the day with their students,” said School Committee President Kathy Clancy. “That is unacceptable and most definitely not in the best interest of our students.”

Advertisement

“To meet their proposal would mean either a tax override resulting in a permanent increase to taxes or cuts to services to our taxpayers and residents,” said Gloucester Mayor Greg Verga.

Striking teachers rally together  

Monday afternoon, teachers on the picket line from each district rallied with their biggest goals in mind: better wages for underpaid paraprofessionals and safer schools.

“It feels amazing because we have seen so much community support and this is just really empowering us to continue to do right by our students,” said Beverly Teacher Lauren Lauranzano.

Since teacher strikes are illegal in Massachusetts, a judge had ordered the Gloucester and Beverly teachers to be back in the classroom on Tuesday, but now they’ll be headed to court.

Marblehead will start it’s strike which was announced on Friday after failed negotiations.

Advertisement

The president of the state teacher’s union is in solidarity with the teacher unions, saying these are issues educators face statewide.

“Our members are saying get to the bargaining table, let’s stay all night, lets resolve these issues. These are not new issues, all of these locals have been bargaining for months and months,” said Max Page, president of the Massachusetts Teachers Association. 

Advertisement



Source link

Continue Reading

Trending